[mloversia]

$SILVER TRIPLE BOTTOM TODAY: The Low of $26.10 on Thrs 28 June 2012 is EXACTLY TO THE PENNEY THE $AME PRICE AS THE LOW$ of both 23 Sept 2011 & 28 Dec 2011. - http://stockcharts.com/h-sc/​ui?s=%2...06&a=111906598

[DrJonson]

is the price going lower ?

[zawhmqswly]

they had to make it look like obamacare didn't scare the markets. it had to be barely down from it's 160 point drop earlier before joe six pack headed home from work and got spooked. so, they ramped the market and hit metals hard. see, the market is only down 24 points, it doesn't care about obamacare, nothing to worry about.

[Liaiskelile]

they had to make it look like obamacare didn't scare the markets. it had to be barely down from it's 160 point drop earlier before joe six pack headed home from work and got spooked. so, they ramped the market and hit metals hard. see, the market is only down 24 points, it doesn't care about obamacare, nothing to worry about.

The PPT can do no wrong.





Just A Very Visible Fat Finger?

Submitted by Tyler Durden on 06/28/2012 - 16:15


Equities did it again - and no matter what narrative a mainstream media channel needs to comprehend the monkey-hammering that occurs every second in our 'market', it seems a fat-finger 50k block of S&P 500 e-mini futures (or around $3.3bn notional equivalent) was enough drive the nominal price index up 1% to close the day-session almost green (and rather notably right at yesterday's closing VWAP). All the highly correlated sectors of the equity market surged with them (led by Energy and leaving financials just in the red) and while Treasury yields did leak higher and EURUSD did rally, the moves were miniscule in comparison to someone's desire to own $3.3bn equivalent equity market risk into the close. Silver and Oil plunged early but recovered some into the close as stocks surged but tracked each other tick for tick for tick in general. Equities end the day modestly lower with VIX modestly higher as they saw average volume (thanks to the surge) but a drop in average trade size (algo tickler). Financials were saved by this as most recovered some of their losses with JPM limping up to close at Tuesday's closing VWAP. Credit and equity closed generally in line as IG/HY were very quiet and just being reracked along with stocks as opposed to seeing heavy flow.

[Kimmitmelvirm]

It's such a joke how phony and manipulated these markets are.

I have to laugh how Jamie Dimon went before congress and the regulators to clear himself and JP Morgan over the 2 billion derivative loss. Now that it's all over, the real losses are becoming apparent. 9 billion this week...who knows what it will be next week?
Doesn't matter, it's old news now.